S. Korea's currency hits over 2-month low on renewed tension in Middle East
The South Korean won has fallen to its lowest level in over two months due to escalating tensions in the Middle East. The currency opened at 1,530.8 won per dollar, prompting government officials to warn of potential interventions to stabilize the market. This marks the first time since March that the won has traded below the 1,530 level during intraday trading.
- ▪The South Korean won weakened against the U.S. dollar amid renewed tensions between the U.S. and Iran.
- ▪Finance Minister Koo Yun-cheol indicated that authorities would take action to address excessive volatility in the foreign exchange market.
- ▪The won has traded above the psychologically significant level of 1,500 won against the dollar for 12 consecutive sessions.
Opening excerpt (first ~120 words) tap to expand
Facebook X More Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. OK S. Korea's currency hits over 2-month low on renewed tension in Middle East All News 10:08 June 04, 2026 SHARE Facebook X Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. LIKE SAVE PRINT FONT SIZE ABCDEFG ABCDEFG ABCDEFG ABCDEFG ABCDEFG SEOUL, June 4 (Yonhap) -- The South Korean won sharply weakened against the U.S. dollar Thursday due to renewed tensions in the Middle East as the United States and Iran engaged in a fresh round of airstrikes.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Yonhap News Agency.
Discussion
0 commentsMore from Yonhap News Agency
